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20120919
20120919
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KPIX (CBS) 1
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CBS
Sep 19, 2012 4:00am PDT
, maryland, east of baltimore is one of the places that was hit hard by the storm that soaked the eastern third of the nation tuesday. many homes became islands themselves. streets were under six inches of water, 2,000 homes had no power. >>> cbs money watch. a warning from fedex. a sneak peek at the holiday season. >> reporter: a move by the bank of japan to shore up the economy sent stocks higher. nikkei gained 1%. hang seng added 1%. fedex the world's second largest package delivery company said the global economy is stalling and is likely to get worse next year. fedex is seen as an economic bellwether, cutting its forecast as business slows. customers switch to lower priced ground service. fedex's economic forecast is in line with that of bigger rival u.p.s. that bleak assessment left wall street stocks mixed. the dow jones industrials ended higher. the nasdaq was down a fraction. confidence among the nation's home builders has surged to a six year high. new reports out today are expected to show builders expect the housing recovery will strengthen in the next six months. the housing
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